Teachers Retirement System of The State of Kentucky Makes New $9.83 Million Investment in Genpact Limited (NYSE:G)

Teachers Retirement System of The State of Kentucky acquired a new position in shares of Genpact Limited (NYSE:G – Get Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 224,491 shares of the business services provider’s stock, valued at approximately $9,826,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in Genpact during the third quarter worth $39,000. IFP Advisors Inc lifted its stake in shares of Genpact by 148.5% in the 3rd quarter. IFP Advisors Inc now owns 1,014 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 606 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Genpact by 25.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,021 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 210 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of Genpact in the 2nd quarter valued at $70,000. Finally, Ellevest Inc. lifted its stake in shares of Genpact by 336.8% in the 3rd quarter. Ellevest Inc. now owns 1,839 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 1,418 shares during the last quarter. Institutional investors and hedge funds own 95.17% of the company’s stock.

Insider Buying and Selling at Genpact

In other Genpact news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $45.68, for a total value of $2,284,000.00. Following the sale, the chief executive officer now owns 644,377 shares of the company’s stock, valued at approximately $29,435,141.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO N. V. Tyagarajan sold 50,000 shares of the stock in a transaction dated Thursday, January 5th. The stock was sold at an average price of $45.68, for a total value of $2,284,000.00. Following the transaction, the chief executive officer now owns 644,377 shares in the company, valued at approximately $29,435,141.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Balkrishan Kalra sold 20,000 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $47.33, for a total value of $946,600.00. Following the completion of the transaction, the senior vice president now owns 155,328 shares in the company, valued at approximately $7,351,674.24. The disclosure for this sale can be found here. Insiders have sold 230,725 shares of company stock valued at $10,824,307 in the last quarter. Corporate insiders own 2.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on G shares. Citigroup upped their price target on Genpact from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, February 13th. StockNews.com raised Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 10th. Needham & Company LLC restated a “buy” rating and set a $56.00 target price on shares of Genpact in a report on Friday, February 10th. BMO Capital Markets lifted their target price on Genpact from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Wednesday, February 8th. Finally, JPMorgan Chase & Co. cut shares of Genpact from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Thursday, December 15th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.50.

Genpact Trading Up 0.8 %

G opened at $44.00 on Friday. The business has a fifty day moving average price of $47.05 and a 200 day moving average price of $46.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.61 and a quick ratio of 1.61. Genpact Limited has a 12 month low of $37.68 and a 12 month high of $48.85. The stock has a market capitalization of $8.10 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 1.85 and a beta of 1.21.

Genpact (NYSE:G – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.08 billion. Genpact had a return on equity of 25.63% and a net margin of 8.08%. Sell-side analysts expect that Genpact Limited will post 2.56 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Shareholders of record on Friday, March 10th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.55 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Genpact’s previous quarterly dividend of $0.13. Genpact’s dividend payout ratio (DPR) is currently 29.26%.

Genpact Company Profile

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Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company operates through the following segments: Banking, Capital Markets and Insurance (BCMI), Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH) and High Tech, Manufacturing, and Services (HMS).